Good morning!A very quiet news day today, but I’m sure we’ll find something interesting to discuss. Also, Graham is hoping to add some comments later on a company which reported earlier in the week.Driver (LON:DRV)Share price: 42.9p (down 8.7% today)No. shares: 32.1mMarket cap: £13.8mResults y/e 30 Sep 2016 – it’s taken 4 months and 17 days to produce these accounts, and they’re not even audited yet. That’s a really bad start. Good companies don’t deliver accounts this late.Mind you, after just reading the first few paragraphs, it’s clear that things have been in a mess at this company – with changed management, and problem levels of debt.I last reviewed this company in May 2016, and came to the conclusion then that the bank borrowings looked worrying. Also I disliked the large receivables balance, and noted a bad debt write-off, and change in CEO.The highlights make it sound as if the operating loss was modest, at £0.2m, but just look at all the adjusting items below. Horrible!Balance sheet – this looks pretty dreadful too. Net assets are down sharply to…

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